Coinbase and CoinTracker Simplify Crypto Taxes Ahead of the New Form 1099-DA
Tl;DR: Beginning with tax year 2025, some U.S. customers will receive a new IRS form, Form 1099-DA, which reports the proceeds from digital asset sales and/or exchanges. This marks the first year standardized crypto tax reporting is required for custodial brokers like Coinbase, and Coinbase is partnering with CoinTracker to help customers prepare.
This is the first year the IRS is standardizing crypto tax reporting for custodial brokers like Coinbase. As part of ongoing efforts to make crypto taxes easier and more transparent, Coinbase is expanding its tax reporting tools in partnership with CoinTracker, our preferred tax partner, ahead of the 2026 tax season.
What’s changing with the new Form 1099-DA
As with prior years, accurately reporting income or capital gains from digital asset transactions has been and continues to be the responsibility of U.S. taxpayers. Starting this year, the IRS made a change to standardize how custodial brokers (e.g. Coinbase) report on gross proceeds (i.e. total earnings) for digital asset sales and/or exchanges with a new form: Form 1099-DA. Other crypto activity–such as transactions on decentralized exchanges–are not included in this form but still need to be reported to the IRS.
When you report on your crypto gains, you are required to provide the cost basis (i.e. what you paid to acquire the crypto plus certain fees) as well. Coinbase will provide cost basis on your Form 1099-DA for informational purposes. Many of you may see a missing cost basis because you transferred assets to Coinbase from other wallets or exchanges. This is represented as “Unknown” or, on other platforms, as “missing.” Cue CoinTracker.
CoinTracker to reconcile missing cost basis for Coinbase
To help you save time and avoid manually matching transfer information across platforms and exchanges, Coinbase has integrated CoinTracker’s reconciliation tools directly into our app. After subscribing to a CoinTracker plan, you can automatically fill in any missing cost basis, sync future transfers, and ensure your tax documents are complete and ready for filing.
How to get started
In your Coinbase app, navigate to Taxes. This is where you’ll find your IRS forms, custom tax reports (like a gain/loss report for transactions including DEX activity), taxable activity, and any items that need attention.
Access your Form 1099-DA once it becomes available by March 19.
Review your activity and notifications, including transfers with missing cost basis.
Use CoinTracker within the Coinbase app to automatically reconcile missing information and get ready to file your taxes. Fees apply for CoinTracker plans. Coinbase offers 20% off to new CoinTracker users, and Coinbase One members save up to $199 depending on their membership plan.
CoinTracker supports hundreds of wallets, exchanges, and decentralized apps and can help prepare your crypto tax reports or sync with tax filing software. By seamlessly integrating CoinTracker, we aim to make this tax season as easy as possible.
Disclaimer
Coinbase doesn't provide tax advice. Information here is provided to help customers understand their taxes, but should be reviewed before a customer uses it to file their taxes. To ensure this information works for you, please work with a professional. Certain links that may be provided in the materials are provided for convenience and do not imply Coinbase’s endorsement, or approval of any third-party websites or their content. CoinTracker offer expires December 31, 2026.
